- A vacation home can be a great investment if you buy one in the right location.
- Vacation rental management company Vacasa recently looked at the top places to buy a vacation home.
- Vacation homes in the Great Smoky Mountains and on Florida beaches are the most popular.
- Visit Business Insider’s homepage for more stories.
A vacation home not only serves as a perfect getaway, but as a great investment — especially if you buy one in the right place.
Property management company Vacasa recently released their 2019 report on the top places to buy a vacation home. To determine its rankings, Vacasa looked at home sales data in vacation destinations across the US and overlaid it with actual performance data for thousands of vacation rental properties.
Turns out, the mountains and the beach are battling it out for top spots. Vacation home buyers are loving both the Great Smoky Mountains and Florida beaches — but they’re also buying everywhere from Oregon and Hawaii to Vermont.
Below, see the top places in the US to buy a vacation home, ranked in order of increasing average investment property returns.
25. Destin, Florida, is located along the state’s Emerald Coast on a peninsula separating Choctawhatchee Bay from the Gulf of Mexico.
Shutterstock.com / Ruth Peterkin
Median sale price: $484,154
Average nightly rate: $324
Total annual guests: 16,526
24. Cocoa Beach, Florida, is located along the state’s Space Coast and is near several state parks.
Median sale price: $370,406
Average nightly rate: $298
Total annual guests: 2,012
23. Waikoloa, Hawaii, on the state’s Big Island, is home to several luxury resorts and a few golf courses.
Median sale price: $575,422
Average nightly rate: $336
Total annual guests: 2,359
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